This property looks like a bad Airbnb investment with a projected -8.02% first-year return on $87,846 initial cash invested.
-8.02%
Cash On Cash
4.85%
Cap Rate
0.75
DSCR
$3,168
Rent
-$587
Cashflow
Cash Flow
$3,168 income − $3,755 expenses = $587 out of pocket
Investment Breakdown
|
Purchase Price
$333k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,846
Downpayment
20%
$66,520
Closing costs
1%
$3,326
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,168
Total Expenses
$3,755
Mortgage P&I
57%
$1,804
Property Taxes
10%
$311
Home Insurance
4%
$119
HOA
0%
$0
Property Management
15%
$475
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$792